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Canada is moving forward by leaps and bounds. in the last 5 years has evolved immensely by more Debt Credit Counselors referring Canadian Borrowers to the newest and most effective financial product offered in the Canada….

Debt Settlement Debt can be suffocating. Once you fall behind on monthly payments, it can feel impossible to catch up and get out of the hole. With our debt settlement service, you can speak one on one with a ReduceMyDebtByThousands.com trained debt, people may struggle to make the minimum monthly payment. This is because they are not only paying back what they initially borrowed but are also dealing with interest rates on this amount plus things like overcharge and late fees. Settling a debt will allow you to reduce your monthly payments and the opportunity to reduce your debt principal, not just your interest rates. An effective debt settlement program can typically reduce your total principal by 40 – 60% and get you out of debt in 12 – 36 months but it does affect your Credit in a negative way.

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The Debt Counselling Industry has called on government to launch a high level investigation into the National Credit Regulator to find out why it was not doing its job properly. DCI said the NCR should be probed for not properly investigating African Bank. Meanwhile, share trading of the troubled bank on the JSE was suspended Monday morning.
Shareholders requested the suspension after the Reserve Bank had placed the lender under curatorship over the weekend. Reserve Bank governor Gill Marcus announced that African Bank had been placed under curatorship. A consortium involving major banks had committed to underwrite a R10 billion capital raising exercise, and would engage with shareholders and
other participants.